The SoFlo Intel Report | Boca Raton Edition

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SoFlo Intel Report GREAT BUYS IN SOUTH FLORIDA’S POPULAR NEIGHBORHOODS | BOCA RATON EDITION

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Welcome to the SoFlo Intel Report: RelatedISG Realty’s submarket snapshot of the best buys in South Florida’s best neighborhoods in Each edition, we will dive into factors and projects that make these neighborhoods so popular. In this edition, we are focusing on one of South Florida’s hottest condo markets, Boca Raton.


CURRENT CYCLE

New Construction Condo Summary Boca Raton, Traditional New Condos East of I-95 Since 2012 Traditional Condos are defined as Condos with no short-term rentals REMAINING DEVELOPER INVENTORY SOLD DEVELOPER UNITS

145

Remaining Unsold Developer Inventory

428 75% Sold as of April 2021

573 Total Units

Source: Developer Onsite Sales Offices, Developer Sales Reports and Broker Contacts

Sold Developer Unit


CURRENT CYCLE

Boca Raton Future Condo Deliveries Traditional Condos are defined as Condos with no short-term rentals

TOTAL CONDO DELIVERIES

5

4

The Residences Mandarin Oriental Royal Palm Residences

3

2

1

ALINA Residences

2

1

0

2021

* Projected

2022

0

0

0

2023*

2024*

2025*


Boca Raton Condos Active Listing Analysis TOTAL ACTIVE MLS LISTINGS

1250

1132

10 Year Low

1017

ACTIVE MLS LISTINGS

1000

714

750

564

500

250

0

Q3 - 2020

Q4 - 2020

Q1 - 2021

April 15th, 2021


Boca Raton Condo Resales 2019 - 2021

TOTAL NEW TRANSACTIONS

Jan-April 2021

Jan - April 15th 36% of Sales made in 2020

719

Jan-Dec 2020

1991

Jan-Dec 2019

1919

To t a l N e w Tr a n s a c t i o n s

0

500

1000

1500

2000


At Current Sales Pace, Boca Raton MLS Resales, Looking to Surpass 2020 by September


305.931.6511 | RELATEDISGREALTY.COM OFFICES Aventura | Coral Gables | Edgewater | Fort Lauderdale | Weston


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